09/10/2014
An extension also must acknowledge that certain essential broker functions could not survive under the same fiduciary standard that governs investment advisors, adds Taft on a conference call with reporters this week.
09/10/2014
A generation or two ago, for example, people focused on trying to pay off their mortgages as quickly as possible.
09/10/2014
Eleven brokers from UBS and Merrill Lynch joined Wells Fargo in California
09/08/2014
Money isn’t the only thing passed down ultra-wealthy inheritors (net worth = US$100 million or more). They like everyone else learn a lot from their elders.
09/08/2014
Cheryl Shuman likes to be called "the Martha Stewart of marijuana."
09/08/2014
The widening gap between America's wealthiest and its middle and lower classes is "unsustainable", but is unlikely to improve any time soon
09/05/2014
No more secrets - Swiss banks learn to shape up, not shut up
The key paradigm shift is that, in the old days, Swiss private banking imported clients
09/05/2014
Wealth Adviser: Getting Past the Guards at a Family Office
The rich, like everyone else, don’t like jargon and really don’t appreciate being made to feel stupid.
09/05/2014
Scotiabank’s Wealth Head to Retire Amid Changes
Insurance Canada and International Insurance will be realigned to the Canadian Banking and International Banking Business Lines respectively.
09/05/2014
"August proved to be a tremendous month, as we exceeded all other previous August sales results. We continued to capture a significant portion of industry long-term mutual fund net sales," said Doug Coulter, president of RBC Global Asset Managem
09/03/2014
Tampa-based LCG Advisors announced it opened a private wealth management firm, LCG Private Client Group LLC, with offices in Greenville and Tampa.
09/03/2014
Two former JP Morgan PB executives to lead new Private Banking division
Latest step to restructure their regional operations in the U.S. Southwest and West Coast and to expand the adviser force there
09/03/2014
Personal Capital cuts fees on high-net-worth digital platform
Personal Capital is bringing modern technology to the slow-changing world of investment management.
09/03/2014
As part of its ongoing commitment to service excellence for both plan sponsors and participants, UBS Wealth Management Americas, a division of UBS AG, introduced two new exciting features to its Equity Plan Advisory Services offering: enhanced cash awards
09/03/2014
Wealth managers fight to win the business of people with $1 million or more, but pay considerably less attention to the merely affluent.
09/02/2014
How Accounting Firms Become Family Offices
These days many accounting services are considered commodities; there are more competitors vying for the same business with no discernible difference between offerings and consistent downward pressure on fees in order to attract new revenue.
08/28/2014
Once accomplished individuals, including CEOs, business owners or high-profile athletes and entertainers, achieve a certain level of success there inevitably comes a time when they begin to ask themselves, ‘What’s next?’
08/27/2014
Robo-advisors, or firms that interact with clients mostly online, have become quite popular.
08/27/2014
The year 2014 has so far shaped up to be a banner one for wealth management.
08/27/2014
This is why many financial institutions have minimums of several million dollars.